AA Advisers LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC321791 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

AA Advisers LLP

Page

Chartered Accountants' Report

1

Balance Sheet

2

Notes to the Financial Statements

4

The following reproduces the text of the report prepared for the members in respect of the LLP's

annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Members are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited

Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have

prepared for your approval the financial statements of AA Advisers LLP for the year ended

31 December 2019 which comprise the Income Statement, Balance Sheet, Reconciliation of Members'

Interests and the related notes from the LLP's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of AA Advisers LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AA Advisers LLP and state those matters that we have agreed to state to the members of AA Advisers LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AA Advisers LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that AA Advisers LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AA Advisers LLP. You consider that AA Advisers LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AA Advisers LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haggards Crowther Professional Services LLP

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

9 April 2020

FIXED ASSETS

Tangible assets

3

-

163

CURRENT ASSETS

Debtors

4

69,899

73,791

Cash at bank

2,125

12,325

72,024

86,116

CREDITORS

Amounts falling due within one year

5

4,035

6,253

NET CURRENT ASSETS

67,989

79,863

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

67,989

80,026

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

67,989

80,026

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

67,989

80,026

Amounts due from members

4

(9,570

)

(5,195

)

58,419

74,831

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2019.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 9 April 2020 and were signed by:

Mr R Plentl - Designated member

1.	STATUTORY INFORMATION

AA Advisers LLP is a limited liability partnership registered in England and Wales. The partnership's

registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, SW6 4TJ.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually

reviewed and are based on experience and other factors, including expectations of future events that

are believed to be reasonable under the circumstances. In the opinion of the directors there are no

judgements or key sources of estimation uncertainty that affect the preparation of the financial

statements.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the

extent that there is a right to consideration and is recorded at the value of the consideration due.

Where payments are received from customers in advance of services provided, the amounts are

recorded as Deferred Income and included as part of Creditors due within one year.

Revenue from the rendering of services is measured by reference to the stage of completion of the

service transaction at the end of the reporting period provided that the outcome can be reliably

estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent

that expenses recognised are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the

members' agreement (for example, in respect of amounts subscribed or otherwise contributed,

remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are,

from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS

102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the

requirements of the Statement of Recommended Practice 'Accounting by Limited Liability

Partnerships'. A member's participation right results in a liability unless the right to any payment is

discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed

as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have

such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right

to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They

are therefore treated as an expense in the statement of comprehensive income in the relevant year. To

the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of

financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the

LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of

equity rather than as an expense. They are therefore shown as a residual amount available for

discretionary division among members in the statement of comprehensive income and are equity

appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract

and interest on capital balances, are treated in the same way as all other divisions of profits, as

described above, according to whether the LLP has, in each case, an unconditional right to refuse

payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial

position within 'Loans and other debts due to members' and are charged to the statement of

comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to

members that are classified as equity are shown in the statement of financial position within 'Members'

other interests'.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2019

and 31 December 2019

7,167

DEPRECIATION

At 1 January 2019

7,004

Charge for year

163

At 31 December 2019

7,167

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

163

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

51,715

61,715

Other debtors

18,184

12,076

69,899

73,791

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade creditors

1,435

1,312

Taxation and social security

-

2,586

Other creditors

2,600

2,355

4,035

6,253

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

New members are required to subscribe a minimum level of loans. In subsequent years members may

be required to subscribe further loans to meet the partnership's regulatory requirements, the amounts

of which are determined by the performance and seniority of those members. On retirement, loans are

repaid to members.